A price ceiling that is set above the equilibrium price
A) causes suppliers to raise their prices.
B) is binding.
C) is non-binding.
D) creates a shortage.
Question 2
A firm uses labor and capital in its production process, and it faces competitive markets for its inputs and output. The firm's long-run labor demand curve
A) intersects with the short-run labor demand curve in several points.
B) is exactly identical to its short-run labor demand curve.
C) is steeper than its short-run labor demand curve.
D) is flatter than its short-run labor demand curve.
Mother giraffe and calves feeding. It is mostly the females that raise young, and they may gather in
Hydrostatic Equilibrium
Zhang Huan, To Raise the Water Level in a Fishpond.
Price of Computers, 1982–2010
The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Application of the Hardy–Weinberg equilibrium